Flash | 07 Jul 2025 10:52:51 ET │ 9 pages China Battery Materials China Battery Supply Chain Check with SMM: Battery production pipeline is estimated to be +1% MoM CITI'S TAKE According to SMM, the battery production pipeline is estimated to be up by 1% MoM and 39% YoY in Jul-25. Within that, EV battery production pipeline might be flattish MoM, while that of ESS battery demand is forecast to continually be +4% MoM. Most of the battery materials follow the largely flattish MoM trend, barring lithium carbona ...

Asia Pacific Equity Research 26 June 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Battery The worst is behind: industry UTR improves, prices recover; initiate CATL-H at OW; u/g EVE & CALB to N Chinese EV Battery supply chain stocks have recover ...

Flash | 13 Jun 2025 05:24:14 ET │ 9 pages China Battery Materials China Battery Supply Chain on the Ground: Surprising ASP Hike in ESS Battery CITI'S TAKE According to ZE Consulting, the Top-5 battery makers' production pipeline is estimated to be largely flattish MoM to 103.8GWh. Within that, ZE Consulting estimates the production pipeline of CATL and BYD to be +3% MoM and -5% MoM, respectively. Key takeaways are: (1) CATL is lowering its in-house lithium supply ("客供量") to cathode names, indicating cathode ...